Insurance companies have seen a huge increase in claims due to weather changes from global warming . So you will have to convince the insurance industry that they are just imagining it, and that climate change is not really happening, to get your premiums lowered.
Good luck!

I'm not sure there are more hurricanes now than there have been in history.

After Katrina, there was a lot of talk that global warming had caused this killer storm, the size of which had never been seen before. But, later there was an article, inour local paper, that showed the Spanish had recorded a hurricane almost exactly like Katrina, same place, same size, same wind and same surge, 300 years before, and had recorded it and it's effect in excrutiating detail. How many here have ever even heard about that?

And, here is another article about past hurricanes that is kind of inconvienent to the idea that powerful hurricanes are a recent phenomena.

Hi there Joe. We have a similar problem with Allstate, and Boat US is even higher. Last year the policy more than doubled. As a result we cut the coverage in half and retained liability in order to keep the cost the same as before the increase. I know where you will be in Slidell, and have a friend who has had only liability where he has been, in that same location, for the last 15 years with no loss or hurricane issues. He now feels that he is ahead of the game as he has saved more than he would loose in a total loss situation. We will be doing the same if cost continue to rise. He sails "Mad Dog", a Soverel 37'. He did fine there, even through Katrina. Roll of the dice my friend!

Insurance is not a level playing field and never has been. They always win, we always loose. If you never make a claim they win. If you do make a claim they win. Insurance companies pay our claim and raise the cost of the coverage. They are simply financing their loss over time, while we pay them back for what we received in lump sum. In the money lending industry they would be defined as "loan sharks".

We now have a hurricane deductable for our roof on our home. That deductable is 15k, which is more than the total new roof goes for and as a result the roof is my baby. They will never pay for the roof.

They are trying to tell you that they don't love you any more! Seriously, since many states have restrictions on acceptable reasons to cancel insurance policies, it is a common tactic to simply increase the premium to what the policyholder (you) would likely find unacceptable. You will find another insurer and cancel the policy yourself, freeing your previous insurer from the liabilty of insuring you. I had this exact experience years ago with no changes other than the age of my boat crossing some magical threshold. 400% increase with Progressive, and I went elsewhere. Your insurer is not telling you they want more money as much as they are telling you they don't want you.

We insure our boat in the Tampa Bay Area for much, much, more than the stated value of your yacht for not much more than same premium with Seaworthy Insurance Company, a Berkshire/Hathaway Company. Try contacting Craig Chamberlain of Mariners General Insurance Group of Newport Beach, CA at 800-992-4443 for a quote. I suspect you'll be glad you do.

__________________"It is not so much for its beauty that the sea makes a claim upon men's hearts, as for that subtle something, that quality of air, that emanation from the waves, that so wonderfully renews a weary spirit."

I'm surprised more of you don't remember Katrina.
* Many Slidel marinas were 80% total losses.
* Many location (including our plant) lost electricity for over 1 year.
* Boats on land did worse. 100% loss. You had to see then stacked up to believe it. Heck it lifted the I-10 bridge for miles, destroying it, and it has one end in Slidel. Surge was ~ 17-20 feet.

So the insurance company knows that they will lose most of the boats every big storm. Stands to reason the price is a material % of the boat value. It's obvious.

I remember Katrina well. My boat inland on a trailer faired well. My truck further inland was a total loss as was my business located outside the levee and my wife's family home 100 miles to the east. It's the cost of living in Hurricane country, near the coast chances of loosing everything once in your lifetime are good. When I raced a J-22 with a local on the Gulf Coast he would go on and on about Hurricane Betsy and its total destruction of the area later to be totally destroyed by Katrina.

I have vowed never to live in Hurricane country again but after Sandy realize that means maybe 70% of the US coastline.

__________________
I, myself, personally intend to continue being outspoken and opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.

You think that's insane. You chose own a sailboat , you choose to live in a hurricane hit zone, you have a choice of insurance companies. Shop around. If this is the going price then decide whether sailing is what YOU choose to spend your money on. No one said its inexpensive to own a boat. I don't want to subsidize your keeping a boat in the riskiest destruction zone. Mine went up 100% due to Sandy. It's your choice after all.....your choice all the way.

Dave

Curious to see what you think about where your healthcare is going and who you blame for that? And you will have no choice about that. If people don't start complaining about being raped by big corporations, when will it stop?

By the way, it appears you live in a hurricane zone yourself, is that correct?

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